Key Market Indicators
Hungarian sweeteners production is projected to reach approximately 772,000 metric tons by 2028, up from around 758,000 metric tons in 2023. This reflects an average annual growth rate of 0.3%. Since 2019, Hungary's sweeteners supply has seen a steady increase, averaging a 0.7% rise each year. In the global rankings for 2023, Hungary held the 37th position, with Austria surpassing it by producing about 758,000 metric tons. The top producers were Brazil, the United States, and Thailand, occupying the second, third, and fourth spots respectively. On the sales front, Hungarian sweeteners are expected to slightly decline, reaching 395,000 metric tons by 2028 from 396,000 metric tons in 2023. This represents an average annual decrease of 0.1%. Since 2019, the Hungarian sweeteners market has experienced a gradual decline, averaging a 0.1% drop each year.
